news - FMO finances a leading integrated agribusiness company in Zambia

FMO and DEG provided a senior debt facility to Zambeef Plc. Zambeef Plc. is a leading integrated agribusiness company in Zambia, involved across the value chain (production, processing, distribution and retailing) of beef, chicken, pork, dairy products, edible oils, stock feed, grains, flour and bread. The funds will be used to further develop the edible oils activities of Zambeef Plc.

Zambia is one of the 55 poorest countries. By supporting the expansion of its operations, employment generation is realized in a country with relatively high unemployment rates. Also, due to increased production, consumers will benefit from better access to affordable food products.